Previous Close | 752.35 |
YTD Return | 24.48% |
Expense Ratio (net) | 0.07% |
Category | Large Growth |
Last Cap Gain | 25.00 |
Morningstar Rating | ★★★★★ |
Morningstar Risk Rating | Average |
Sustainability Rating |
Net Assets | 30.37B |
Beta (5Y Monthly) | 1.14 |
Yield | 0.63% |
5y Average Return | N/A |
Holdings Turnover | 14.00% |
Last Dividend | 3.40 |
Average for Category | N/A |
Inception Date | Sept 20, 2010 |
Stocks were rallying on Friday and many of the most familiar names in the market were leading the way.
In the latest edition of Yahoo Finance's Good Buy or Goodbye, Julie Hyman is joined by Interactive Brokers Chief Strategist Steve Sosnick to weigh the benefits of choosing to invest in value stocks over growth stocks, outlined by thematic performances seen in 2023. "The Russell 1,000 value, which is what [the Vanguard Russell 1000 Value Index Fund ETF (VONV)] is based on, has a [price] of about 15... almost 16... so it's really not very expensive," Sosnick says on a value stock portfolio. "There is not a lot of downside from that regard. and the expectations for earnings are relatively modest. Call it about 5% is what that forward PE implies." Alternatively, Sosnik looks to the Vanguard Russell 1000 Growth Index Fund ETF (VONG), believing stocks displaying continuous growth may be weighed down by economic headwinds. "If everybody owns it, who is left to buy it? When you think about what has gone on, a lot of what we have seen in all markets, in almost every asset class, a year end phenomenon, if you're an institutional investment manager, FOMO is a real thing — it's fear, if you're an individual, don't succumb to FOMO," Sosnik says. Click here to watch more Good Buy or Goodbye or you can watch this full episode of Yahoo Finance Live here. This post was written by Luke Carberry Mogan.